Royal London Asset Management Ltd. Has $5.06 Million Stock Holdings in Equitable Holdings, Inc. $EQH

Royal London Asset Management Ltd. decreased its position in shares of Equitable Holdings, Inc. (NYSE:EQHFree Report) by 8.4% during the 2nd quarter, Holdings Channel reports. The fund owned 115,216 shares of the company’s stock after selling 10,591 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Equitable were worth $5,056,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Equitable by 6.3% in the second quarter. Wellington Management Group LLP now owns 8,784,986 shares of the company’s stock valued at $385,485,000 after purchasing an additional 523,638 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Equitable during the second quarter worth $12,637,000. Empowered Funds LLC bought a new position in shares of Equitable during the second quarter worth $874,000. United Capital Financial Advisors LLC acquired a new position in shares of Equitable in the 2nd quarter valued at $413,000. Finally, Glazer Capital LLC bought a new stake in shares of Equitable in the 2nd quarter valued at $219,000. Institutional investors and hedge funds own 92.70% of the company’s stock.

Equitable Trading Up 0.0%

Shares of NYSE:EQH opened at $50.21 on Tuesday. The firm has a market cap of $13.71 billion, a price-to-earnings ratio of -15.17, a PEG ratio of 0.49 and a beta of 1.09. Equitable Holdings, Inc. has a 12 month low of $35.19 and a 12 month high of $55.15. The company’s fifty day simple moving average is $48.41 and its 200 day simple moving average is $43.60. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 8.75.

Equitable (NYSE:EQHGet Free Report) last announced its earnings results on Tuesday, August 4th. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.05. The firm had revenue of $1.66 billion during the quarter, compared to analyst estimates of $3.84 billion. Equitable had a negative net margin of 8.72% and a positive return on equity of 511.35%. The company’s revenue for the quarter was down 29.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 EPS. As a group, research analysts forecast that Equitable Holdings, Inc. will post 7.18 EPS for the current fiscal year.

Equitable Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, August 3rd. Equitable’s dividend payout ratio is currently -36.25%.

Analysts Set New Price Targets

Several brokerages recently commented on EQH. Wolfe Research downgraded Equitable from an “outperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Jefferies Financial Group boosted their target price on Equitable from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Evercore reaffirmed an “outperform” rating and set a $66.00 price target on shares of Equitable in a research report on Thursday, August 20th. Weiss Ratings cut Equitable from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, August 5th. Finally, Zacks Research upgraded Equitable from a “strong sell” rating to a “hold” rating in a report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Equitable has an average rating of “Moderate Buy” and an average price target of $61.75.

View Our Latest Research Report on EQH

Insider Activity at Equitable

In related news, COO Jeffrey J. Hurd sold 14,358 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $45.11, for a total transaction of $647,689.38. Following the completion of the transaction, the chief operating officer directly owned 74,748 shares in the company, valued at approximately $3,371,882.28. This trade represents a 16.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bertram L. Scott sold 2,470 shares of Equitable stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $41.08, for a total value of $101,467.60. Following the completion of the sale, the director directly owned 27,931 shares in the company, valued at approximately $1,147,405.48. This represents a 8.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 114,541 shares of company stock valued at $5,357,784 over the last ninety days. Company insiders own 1.00% of the company’s stock.

About Equitable

(Free Report)

Equitable Holdings, Inc (NYSE: EQH) is a leading provider of life insurance, annuities and retirement plan services in the United States. Through its insurance subsidiary, AXA Equitable Life Insurance Company, the firm offers a broad range of permanent and term life insurance products designed to help individuals and families manage risk and build wealth. In addition, Equitable provides fixed, variable and indexed annuity solutions to support income planning in retirement, as well as a suite of group retirement and pension plan services for employers and plan sponsors.

The company also maintains an asset management arm that delivers investment strategies across equities, fixed income and alternative asset classes for both retail and institutional clients.

See Also

Want to see what other hedge funds are holding EQH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Equitable Holdings, Inc. (NYSE:EQHFree Report).

Institutional Ownership by Quarter for Equitable (NYSE:EQH)

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